Newburgh, ND is a small town in the northern part of North Dakota. It has a population of approximately 460 people according to the latest census data. Despite its size, Newburgh has plenty to offer its residents in terms of cost of living. In particular, the average rent for a 2-bedroom home in Newburgh is only $840 compared to the US average of $1,430. Additionally, there is a Grocery Cost Index of 94 compared to 100 in the US which makes groceries more affordable here than elsewhere.
Despite its small size, there are plenty of local companies operating in Newburgh. These include businesses such as Reiter Ford Sales & Service, Custom Finishing Enterprises Inc., Becker County Implement Co., and Foust Construction Company Inc.. All these companies help bring investment into the region and provide employment opportunities for locals.
Overall, Newburgh is an attractive location with low costs compared to other areas across America. The combination of low housing costs and grocery prices make it an ideal place for anyone looking for an affordable place to live while still being able to work locally at one of the many great companies around town.
Newburgh has an unemployment rate of 3.5%. The US average is 6.0%.
Newburgh has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Newburgh
- The Sales Tax Rate for Newburgh is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Newburgh is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Newburgh
- The average income of a Newburgh resident is $28,550 a year. The US average is $28,555 a year.
- The Median household income of a Newburgh resident is $98,000 a year. The US average is $69,021 a year.